India shipped out as much as 11.3 lakh tonnes of wheat in May, of which 4-5 lakh tonnes were despatched after a ban on the grain’s exports was imposed on May 13, sources told FE. The total shipment of the grain in May was close to 3 times of the level a year before. Indonesia […]
The World Bank on Tuesday scaled down its FY23 growth forecast for India to 7.5% from 8% predicted in April, citing the damaging impact of rising inflation, supply-chain disruptions and the Russia-Ukraine conflict. These headwinds would offset “buoyancy in the recovery of services consumption from the pandemic”, it said. With this, the multilateral body has […]
The outcome of the Fed’s balancing act between fighting inflation and preventing a recession is hard to predict. Rate hikes designed to tame inflation are pushing Treasury yields upward, making Treasuries more attractive to markets. But that could equally have negative impact on business investment and potentially hasten a recession. Could evaluating the real yield […]
Good Business Pays is spearheading an alliance involving the Small Business Commissioner and leaders from the UK’s biggest business groups including the Federation of Small Businesses, CBI, and BCC to stop slow payments from harming small businesses once and for all. Launched today, the “Wait Off” campaign is backed by 16 of the UK’s most […]
All phones and tablets must use the same charging ports, the EU has agreed. A new agreement will force all companies to make USB-C the common charging port on all their smaller electronic devices by Autumn 2024, the EU has announced. Laptops will be required to use the port some time after that. The ruling […]
Becoming a successful business owner can be a hard slog – but getting it right may bring huge rewards. Whilst there are those who hit on a brilliant idea or develop a breakthrough new technology, most businesses offer a product or service that isn’t necessarily something totally out of the ordinary, and so there’s plenty […]
UK public companies are trading at a valuation discount totalling about £500 billion since the “scarring impact” of the Brexit vote six years ago, according to research by a City stockbroker. Since 2016, when Britain voted to leave the European Union, the valuation of companies on the FTSE all-share index has settled at a 20 […]
Leading independent asset-based lender Independent Growth Finance (IGF) has announced its latest growth figures, building on 2021’s record-breaking results. April saw client volume increase by 46%, now more than £2.4bn annually and a 55% growth in fund-in use against the same period last year. This continued growth is impressive amidst challenging economic conditions, and is testament to IGF’s continued commitment to financing underserved […]
Kohl’s Corp has entered exclusive negotiations with retail store operator Franchise Group Inc over a potential sale of the department store chain, valuing it at nearly $8 billion, the companies said late on Monday. Read More
The yen extended declines to a 20-year low against the dollar. The Japanese currency has been sliding this year as the dovish Bank of Japan keeps local yields anchored while US equivalents surge on rising interest-rate expectations. Ruth Carson reports on Bloomberg Television.